59 New Ludlow Rd, Chicopee, MA 01020

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Building Details:

• Year Built: 1974

The property consists of 5 multi-family apartments buildings containing about 58,000/sf of living space. The buildings were built about 1974 are wood framed with brick veneer on lower 1 1/2 exterior and asphalt mansard on the upper section. All the buildings are 2 1/2 stories. Property can be purchased with Mason Manor, a 48 unit complex, located about 1/2 mile from this property.
2.92 acres with on-site parking for about +/-90 cars.
54 units total (5 1br / 49 2br). The 1br units are about 763/sf and 2br units are about 875/sf. All the units are garden style with one bath.
All units have stoves, refrigerators, garbage disposals, air-conditioners, dishwashers, and about 8 units have microwave ovens.
Tenants pay own utilities, heat / electric / a/c and cooking. Owner provides gas hot water.
All roofs were replaced in +/- 2009.
The buildings have brick veneer exterior fascias with aluminum gutters and downspouts. Windows consist of aluminum frame double track sliders with aluminum frame storm and screens.
All new laundry room in 2010 with six washers/dryers that are owned by the complex.
Parking lot partially repaved and expanded in +/-1995. There is parking for about +/-90 cars.
Site is located about 1/4 mile off of Route 33 (Memorial Drive), which connects to I-90 about 3 miles south which connects to I-91. Access to the site is excellent.
Owner has units inspected for lead pain anytime new tenants wit children lease apartments. None of the units inspected have tested positive for lead paint. Management office has all inspection reports.
In 2005 replaced gas hot water heating system with energy efficient heaters.
The site is serviced by public water and sewer, natural gas, electric and cable.